Are u for real?! yesterday u were yelling at everyone to short and now u changed ur mind ? How much they pay u to come to forex forums and bullshit traders mind?
According to the data it seems like the chances of rate cut are getting smaller (also from the RBA Rate Indicator). We can see that the pair hit the 93xx and then dropped after Chinese data. hmmmmmmmmm...
Dont ignore fundamentals. I dont only trade on tech. cause fundamentals usually create a big moves. almost always volatility increases before and after the news. i dont say to make fundamental analysis but dont ignore real strong not speculative news about china.
Just realise that HSBC manufacturing 47.7 is real bad number that shows that china going down. if china going down then AUD,GOLD, EUR,GBP going down too.
All bad news about gigant china is very good for green back. always.
now better to wait 9140. if that level will be broken then wait for 9000. if 9000 blow up then 8800.
Dont ignore fundamentals. I dont only trade on tech. cause fundamentals usually create a big moves. almost always volatility increases before and after the news. i dont say to make fundamental analysis but dont ignore real strong not speculative news about china. Just realise that HSBC manufacturing 47.7 is real bad number that shows that china going down. if china going down then AUD,GOLD, EUR,GBP going down too.
